Okla. Stat. tit. 71, § 71-1-407
This is the official text of Okla. Stat. tit. 71, § 71-1-407, part of Oklahoma’s Stat. tit. 71, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 71,." Browse the sections below, each linked to its official government source.
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Succession and change in registration of broker-dealer
Official statutory text
or investment adviser.
A. A broker-dealer or investment adviser may succeed to the
current registration of another broker-dealer or investment adviser
or a notice filing of a federal covered investment adviser, and a
federal covered investment adviser may succeed to the current
registration of an investment adviser or notice filing of another
federal covered investment adviser, by filing as a successor an
application for registration pursuant to Section 1-401 or 1-403 of
this title, or a notice pursuant to Section 1-405 of this title, for
the unexpired portion of the current registration or notice filing.
B. A broker-dealer or investment adviser that changes its form
of organization or state of incorporation or organization may
continue its registration by filing an amendment to its registration
if the change does not involve a material change in its financial
condition or management. The amendment becomes effective when filed
or upon a date designated by the registrant in its filing. The new
organization is a successor to the original registrant for the
purposes of this act. If there is a material change in financial
condition or management, the broker-dealer or investment adviser
shall file a new application for registration. Any predecessor
registered under this act shall stop conducting its securities
business other than winding down transactions and shall file for
withdrawal of broker-dealer or investment adviser registration
within forty-five (45) days after filing its amendment to effect
succession.
C. A broker-dealer or investment adviser that changes its name
may continue its registration by filing an amendment to its
registration. The amendment becomes effective when filed or upon a
date designated by the registrant.
Oklahoma Statutes - Title 71. Securities Page 51
D. A change of control of a broker-dealer or investment adviser
may be made in accordance with a rule adopted or order issued under
this act.
A. A broker-dealer or investment adviser may succeed to the
current registration of another broker-dealer or investment adviser
or a notice filing of a federal covered investment adviser, and a
federal covered investment adviser may succeed to the current
registration of an investment adviser or notice filing of another
federal covered investment adviser, by filing as a successor an
application for registration pursuant to Section 1-401 or 1-403 of
this title, or a notice pursuant to Section 1-405 of this title, for
the unexpired portion of the current registration or notice filing.
B. A broker-dealer or investment adviser that changes its form
of organization or state of incorporation or organization may
continue its registration by filing an amendment to its registration
if the change does not involve a material change in its financial
condition or management. The amendment becomes effective when filed
or upon a date designated by the registrant in its filing. The new
organization is a successor to the original registrant for the
purposes of this act. If there is a material change in financial
condition or management, the broker-dealer or investment adviser
shall file a new application for registration. Any predecessor
registered under this act shall stop conducting its securities
business other than winding down transactions and shall file for
withdrawal of broker-dealer or investment adviser registration
within forty-five (45) days after filing its amendment to effect
succession.
C. A broker-dealer or investment adviser that changes its name
may continue its registration by filing an amendment to its
registration. The amendment becomes effective when filed or upon a
date designated by the registrant.
Oklahoma Statutes - Title 71. Securities Page 51
D. A change of control of a broker-dealer or investment adviser
may be made in accordance with a rule adopted or order issued under
this act.
Status: in_force · Read it on the official government site
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